BTC Capital Management Inc. Has $3.80 Million Stock Position in SS&C Technologies Holdings, Inc. $SSNC

Key Points

• BTC Capital Management Inc. increased its stake in SS&C Technologies by 16.1% during Q2, now holding 46,490 shares valued at approximately $3.8 million.
• SS&C Technologies recently declared a quarterly dividend of $1.08 per share, yielding 4.9%, marking a significant increase from its previous dividend of $0.25.
• Analyst reports have boosted target prices for SS&C Technologies, with estimates now ranging from $88.00 to $110.00, reflecting a generally positive outlook for the stock.

BTC Capital Management Inc. raised its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 16.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,490 shares of the technology company's stock after purchasing an additional 6,432 shares during the quarter. BTC Capital Management Inc.'s holdings in SS&C Technologies were worth $3,799,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Atwood & Palmer Inc. boosted its stake in shares of SS&C Technologies by 125.8% during the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock worth $25,000 after acquiring an additional 166 shares during the period. Larson Financial Group LLC boosted its stake in shares of SS&C Technologies by 634.8% during the 1st quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock worth $28,000 after acquiring an additional 292 shares during the period. Whittier Trust Co. bought a new position in shares of SS&C Technologies during the 1st quarter worth approximately $29,000. N.E.W. Advisory Services LLC bought a new position in shares of SS&C Technologies during the 1st quarter worth approximately $29,000. Finally, Elequin Capital LP bought a new position in shares of SS&C Technologies during the 1st quarter worth approximately $30,000. 96.95% of the stock is currently owned by institutional investors.

SS&C Technologies Price Performance

NASDAQ SSNC traded up $1.05 during midday trading on Monday, hitting $89.64. The company had a trading volume of 1,202,044 shares, compared to its average volume of 1,343,992. The company has a market capitalization of $21.89 billion, a PE ratio of 28.10 and a beta of 1.24. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The firm has a 50-day moving average price of $86.88 and a 200-day moving average price of $82.21. SS&C Technologies Holdings, Inc. has a twelve month low of $66.83 and a twelve month high of $91.07.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.06. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.The company's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.27 EPS. SS&C Technologies has set its FY 2025 guidance at 5.820-6.060 EPS. Q3 2025 guidance at 1.440-1.500 EPS. As a group, analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $1.08 per share. This is an increase from SS&C Technologies's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.8%. SS&C Technologies's payout ratio is presently 33.86%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded SS&C Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. DA Davidson boosted their price target on SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Morgan Stanley boosted their price target on SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a research note on Thursday, July 24th. Finally, Raymond James Financial boosted their price target on SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $97.38.

About SS&C Technologies

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.